Ajay Banga's Biography

Ajay Banga is a highly respected Indian-American business executive and economist, currently serving as the President of the World Bank since 2023. Renowned for his visionary leadership, Banga previously held the position of CEO at Mastercard from 2010 to 2021, where he transformed the company into a global leader in payment technology and financial inclusion. Born on November 10, 1959, in Pune, India, Banga graduated from St. Stephen's College, Delhi, and earned his MBA from the Indian Institute of Management, Ahmedabad. His career began at Nestlé and PepsiCo before joining Citigroup, and later rising to prominence at Mastercard. Under his guidance, Mastercard significantly expanded its digital offerings and sustainability initiatives. Banga's leadership is marked by a commitment to innovation, economic development, and social responsibility. Recognized with honors such as the Padma Shri and the Ellis Island Medal of Honor, he is celebrated for bridging business strategy with global impact. As World Bank President, Ajay Banga continues to champion inclusive economic growth, climate resilience, and poverty reduction, making him one of the most influential figures in international finance and development. His estimated net worth is $220 million, reflecting his decades of successful leadership in the corporate and financial world.